Press release
The Global Eugenol Market Is Forecast To Surpass USD 1,012 Million By 2032, Growing At A CAGR Of 6.3%
Eugenol Market
Asia Pacific Including East Asia and South Asia & Oceania is presumed to be the most lucrative region over the coming years owing to expanding food & beverage industry and high clove production yield.
Further, as per the recent analysis, Indonesia is responsible for more than 75% of cloves production wherein India and China is the most prominent region for both prospects including consumption and production. However, due to established end-use industry in North America and Europe region is creating economy of agglomeration and providing strength to retain market share.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ:https://www.factmr.com/connectus/sample?flag=S&rep_id=513
๐๐ผ๐ ๐๐๐๐ฒ๐ป๐๐ฎ๐๐ถ๐ผ๐ป ๐๐น๐ผ๐๐ฒ ๐ฃ๐ฟ๐ถ๐ฐ๐ฒ๐ ๐ฎ๐ป๐ฑ ๐๐ป๐ฐ๐ฟ๐ฒ๐ฎ๐๐ถ๐ป๐ด ๐ฃ๐ฟ๐ผ๐ฑ๐๐ฐ๐๐ถ๐ผ๐ป ๐๐ป๐ณ๐น๐๐ฒ๐ป๐ฐ๐ถ๐ป๐ด ๐๐๐๐ถ๐ป๐ฒ๐๐๐ฒ๐?
Global clove production amounted to 190 thousand tons in 2020, rising by ~+5% against the previous year level. A drastic plunge in production, while prices remain stable, recommends that the cloves shortage is not there in Indonesia. The globally clove harvested area amounted to ~600 thousand ha in 2020, which was ~1% more than the last year, the total clove harvested zone reached on its peak in 2021 and is likely to remain its expansion in coming term, following increasing demand for globally.
Clove prices have dropped on the international market due to decreased demand, but that's not expected to impact clove oil prices in the short to medium term, as global supply has been increased due to increased demand, pushing prices up for both the essential oils and the spices. The increased demand for eugenol in Europe and North America has resulted in an increase in clove production.
However, these factors are notably contributing to rising demand of eugenol across multitude established industries.
๐๐น๐ผ๐ฏ๐ฎ๐น ๐๐๐ด๐ฒ๐ป๐ผ๐น ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฆ๐ฒ๐ด๐บ๐ฒ๐ป๐๐
By Source Type :
โข Cloves
โข Cinnamon
โข Nutmeg
โข Basil
โข Other Source Types
By End-Use :
โข Food Industry
โข Pharmaceutical Industry
โข Personal Care
โข Other End Use Industry
By Application :
โข Base Ingredient
โข Stabilizers & Antioxidants
โข Antiseptic & Anaesthetic
โข Perfumeries, Flavorings, Essential Oils
โข Other Applications
By Region :
โข North America
โข Latin America
โข Europe
โข East Asia
โข South Asia & Oceania
โข MEA
๐๐ฎ๐๐ฒ๐ด๐ผ๐ฟ๐-๐๐ถ๐๐ฒ ๐๐ป๐๐ถ๐ด๐ต๐๐
๐ช๐ต๐ถ๐ฐ๐ต ๐ฆ๐ผ๐๐ฟ๐ฐ๐ฒ ๐ง๐๐ฝ๐ฒ ๐ผ๐ณ ๐๐๐ด๐ฒ๐ป๐ผ๐น ๐ถ๐ ๐ง๐ต๐ฒ ๐๐ฎ๐ฟ๐ด๐ฒ๐๐ ๐๐ผ๐ป๐๐ฟ๐ถ๐ฏ๐๐๐ผ๐ฟ ๐๐ผ ๐๐ต๐ฒ ๐๐๐ด๐ฒ๐ป๐ผ๐น ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐?
Clove oil finds prominence in the pharmaceutical industry, applications ranging from reducing inflammation, improving blood circulation to boosting gum health and to helping acne. The well-known clove oil usage is to decrease the pain related to dental problems.
Clove oil is an excellent addition to DIY personal care items such as deodorant and toothpaste. It's also a strong antibacterial agent that can be used in DIY cleaners. The rising demand for eugenol in the pharmaceutical industry has provided a variety of chances that may aid in the expansion of the worldwide eugenol oil market.
However, clove segment is expected to continue its dominance in eugenol market over the assessment period which accounted for 4/5th value share in 2022. Additionally, the segment is predicted to increase at a CAGR of 5.8% and lose nearly 76 BPS by the end of 2032.
๐๐ฒ๐ ๐๐๐๐๐ผ๐บ๐ถ๐๐ฎ๐๐ถ๐ผ๐ป ๐ผ๐ป ๐๐ต๐ถ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ ๐ณ๐ผ๐ฟ ๐ฆ๐ฝ๐ฒ๐ฐ๐ถ๐ณ๐ถ๐ฐ ๐ฅ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต ๐ฆ๐ผ๐น๐๐๐ถ๐ผ๐ป๐:https://www.factmr.com/connectus/sample?flag=RC&rep_id=513
๐๐ผ๐บ๐ฝ๐ฒ๐๐ถ๐๐ถ๐๐ฒ ๐๐ฎ๐ป๐ฑ๐๐ฐ๐ฎ๐ฝ๐ฒ: ๐ง๐ผ๐ฝ ๐๐ผ๐บ๐ฝ๐ฎ๐ป๐ถ๐ฒ๐ ๐ถ๐ป ๐๐๐ด๐ฒ๐ป๐ผ๐น ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐
Majority of companies discussed in the report have focused on product development and expansion of manufacturing units across developing regions. Strategies include innovation, collaborations with key players, partnerships, strategic alliances, and strengthening of regional and global distribution networks.
Also, the key companies have adopted numerous strategies including merger & acquisition partnership, etc. product development is the key strategy to upscale their market presence among consumers.
Fact.MR has provided detailed information about price points of top manufacturers of eugenol market positioned across regions, sales growth, production capacity, and speculative technological expansion in the recently published report.
For instance: On 23rd April 2021, Bukoola Chemical Industries, an Uganda based agro-chemical distributing company became partners with the ACN (Anti-Counterfeit Network) to unveil a campaign with an aim to create awareness among people related to fake agro-chemical inputs available in the market.
๐๐ฒ๐ ๐๐ผ๐บ๐ฝ๐ฎ๐ป๐ถ๐ฒ๐ ๐ฃ๐ฟ๐ผ๐ณ๐ถ๐น๐ฒ๐ฑ:
โข Van Aroma
โข Nile Chemicals
โข Sigma-Aldrich
โข Nusaroma Indonesia Essential Oil
โข Berjรฉ
โข CV. Indaroma
โข Extrasynthese
โข Penta Manufacturing Company
โข Vigon International
โข Boc Sciences.
โข Other Key Players
๐๐ผ๐ฟ ๐ถ๐ป-๐ฑ๐ฒ๐ฝ๐๐ต ๐ฐ๐ผ๐บ๐ฝ๐ฒ๐๐ถ๐๐ถ๐๐ฒ ๐ฎ๐ป๐ฎ๐น๐๐๐ถ๐, ๐๐๐ ๐ก๐ผ๐ -https://www.factmr.com/checkout/513
๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ ๐ฆ๐๐บ๐บ๐ฎ๐ฟ๐
The study offers comprehensive analysis on diverse features, including speculative and current installed base, unit production, type-wise pricing, revenue growth and list of consumers with installation base, product enhancements, and revenue generation from butyric acid derivatives across the globe.
A comprehensive estimate on the market has been provided through an optimistic scenario as well as a conservative scenario, taking into account revenue through butyric acid derivatives during the forecast period.
๐๐ผ๐ฟ ๐ ๐ผ๐ฟ๐ฒ ๐๐ป๐๐ถ๐ด๐ต๐๐:
https://www.prnewswire.com/news-releases/global-metals-in-electric-vehicle-charging-infrastructure-market-to-accumulate-us-10-bn-by-2032--latest-factmr-study-301486392.html
https://www.prnewswire.com/news-releases/hybrid-designs--developed-infrastructure-will-augment-global-sales-of-bicycles-reaching-us-138-bn-by-2032-factmr-301486472.html
https://www.prnewswire.com/news-releases/promising-tech-savvy-gadgets-adoption-to-push-quantum-dot-display-market-past-us-67-79-bn-by-2032--latest-factmr-study-301487285.html
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